Blackstone-backed Travelport Sets IPO Terms

September 15, 2014

Share:

Travelport, backed by The Blackstone Group since 2006, has set terms for its IPO, filing to list 30 million shares on the NYSE at an estimated price range of $14 to $16. The online travel commerce platform, which attempted to go public in 2010, intends to trade under the symbol TVPT. At its range midpoint, Travelport would raise about $450 million in the offering and claim a market cap of roughly $1.8 billion. Though not letting go of any shares in the IPO, Blackstone’s 9.54% stake would drop to about 7% after the offering.